Forbes Daily: Alphabet Surges As Google Comes For Nvidia’s AI Business

Forbes Daily: Alphabet Surges As Google Comes For Nvidia’s AI Business

Today’s Forbes Daily newsletter covers accelerated private sector job losses, bitcoin on track for worst month in three years, consumer confidence falls and more.

The Economist: Google has pierced Nvidia’s aura of invulnerability

Nvidia faces rising competition as Google’s cheaper AI chips challenge its GPU dominance.

Equities report: Google takes on Nvidia?

Since our last report, US equities have moved higher.On a fundamental level, we note the recent news surrounding Google and Nvidia, in addition to the ongoing selection process for the next Fed Chair.

Google has pierced Nvidia’s aura of invulnerability

But the search giant’s custom chips may prove tricky for others to adopt

Meta's Move to Google TPUs Spurs 3.2% Drop in NVDA Stock

TLDR Nvidia defended its position in the market, stating its AI platform is a generation ahead of competitors like Google. The company emphasized the versatility and superior performance of its GPUs compared to specialized alternatives, such as Google’s TPUs. Nvidia reassured investors that its platform is the only one capable of running every AI model across all computing environments. Despite Nvidia’s strong statement, the company’s stock dro…